vs
AES Corporation（AES）与Ovintiv Inc.（OVV）财务数据对比。点击上方公司名可切换其他公司
AES Corporation的季度营收约是Ovintiv Inc.的1.5倍（$3.1B vs $2.1B），Ovintiv Inc.净利率更高（46.1% vs 10.3%，领先35.7%），AES Corporation同比增速更快（4.7% vs -6.0%），Ovintiv Inc.自由现金流更多（$489.0M vs $-47.0M），过去两年AES Corporation的营收复合增速更高（0.3% vs -7.2%）
AES公司是美国知名公用事业及发电企业，总部位于弗吉尼亚州阿灵顿，位列《财富》全球500强。集团在全球15个国家运营电力生产及分销业务，持有并运营多座发电厂，向终端用户、公用事业机构、工业设施等客户售电，全球员工总数达10500人。
Ovintiv Inc.是一家总部位于美国丹佛的石油企业，前身为加拿大能源公司Encana，于2020年通过重组正式成立，主营石油、天然气的勘探、开发与生产业务，在北美能源领域拥有丰富的运营经验及市场积累。
AES vs OVV — 直观对比
营收规模更大
AES
是对方的1.5倍
$2.1B
营收增速更快
AES
高出10.7%
-6.0%
净利率更高
OVV
高出35.7%
10.3%
自由现金流更多
OVV
多$536.0M
$-47.0M
两年增速更快
AES
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.1B |
| 净利润 | $320.0M | $946.0M |
| 毛利率 | 18.8% | — |
| 营业利润率 | -8.7% | 21.2% |
| 净利率 | 10.3% | 46.1% |
| 营收同比 | 4.7% | -6.0% |
| 净利润同比 | -42.9% | 1676.7% |
| 每股收益（稀释后） | $0.45 | $3.64 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AESOVV
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $3.4B | $2.0B | ||
| Q2 25 | $2.9B | $2.2B | ||
| Q1 25 | $2.9B | $2.4B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $2.9B | $2.2B | ||
| Q1 24 | $3.1B | $2.4B |
净利润AESOVV
| Q4 25 | $320.0M | $946.0M | ||
| Q3 25 | $639.0M | $148.0M | ||
| Q2 25 | $-95.0M | $307.0M | ||
| Q1 25 | $46.0M | $-159.0M | ||
| Q4 24 | $560.0M | $-60.0M | ||
| Q3 24 | $502.0M | $507.0M | ||
| Q2 24 | $185.0M | $340.0M | ||
| Q1 24 | $432.0M | $338.0M |
毛利率AESOVV
| Q4 25 | 18.8% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | 15.9% | — | ||
| Q1 25 | 15.1% | — | ||
| Q4 24 | 14.2% | — | ||
| Q3 24 | 22.0% | — | ||
| Q2 24 | 18.8% | — | ||
| Q1 24 | 20.1% | — |
营业利润率AESOVV
| Q4 25 | -8.7% | 21.2% | ||
| Q3 25 | 9.8% | 13.5% | ||
| Q2 25 | 1.4% | 23.1% | ||
| Q1 25 | -0.8% | -3.7% | ||
| Q4 24 | 12.3% | 0.1% | ||
| Q3 24 | 10.0% | 24.2% | ||
| Q2 24 | -2.6% | 25.4% | ||
| Q1 24 | 9.0% | 20.7% |
净利率AESOVV
| Q4 25 | 10.3% | 46.1% | ||
| Q3 25 | 19.1% | 7.3% | ||
| Q2 25 | -3.3% | 13.9% | ||
| Q1 25 | 1.6% | -6.7% | ||
| Q4 24 | 18.9% | -2.7% | ||
| Q3 24 | 15.3% | 23.3% | ||
| Q2 24 | 6.3% | 15.5% | ||
| Q1 24 | 14.0% | 14.2% |
每股收益（稀释后）AESOVV
| Q4 25 | $0.45 | $3.64 | ||
| Q3 25 | $0.89 | $0.57 | ||
| Q2 25 | $-0.15 | $1.18 | ||
| Q1 25 | $0.07 | $-0.61 | ||
| Q4 24 | $0.78 | $-0.22 | ||
| Q3 24 | $0.71 | $1.92 | ||
| Q2 24 | $0.27 | $1.27 | ||
| Q1 24 | $0.60 | $1.24 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.6B | $280.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $4.1B | $11.2B |
| 总资产 | $51.8B | $20.4B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资AESOVV
| Q4 25 | $1.6B | $280.0M | ||
| Q3 25 | $1.8B | $25.0M | ||
| Q2 25 | $1.4B | $20.0M | ||
| Q1 25 | $1.8B | $8.0M | ||
| Q4 24 | $1.6B | $42.0M | ||
| Q3 24 | $2.0B | $9.0M | ||
| Q2 24 | $1.8B | $8.0M | ||
| Q1 24 | $2.4B | $5.0M |
总债务AESOVV
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.2B |
股东权益AESOVV
| Q4 25 | $4.1B | $11.2B | ||
| Q3 25 | $3.9B | $10.2B | ||
| Q2 25 | $3.4B | $10.4B | ||
| Q1 25 | $3.5B | $10.1B | ||
| Q4 24 | $3.6B | $10.3B | ||
| Q3 24 | $3.3B | $10.7B | ||
| Q2 24 | $3.1B | $10.3B | ||
| Q1 24 | $2.9B | $10.3B |
总资产AESOVV
| Q4 25 | $51.8B | $20.4B | ||
| Q3 25 | $50.8B | $19.4B | ||
| Q2 25 | $48.5B | $19.7B | ||
| Q1 25 | $48.6B | $19.6B | ||
| Q4 24 | $47.4B | $19.3B | ||
| Q3 24 | $50.1B | $19.9B | ||
| Q2 24 | $47.7B | $19.8B | ||
| Q1 24 | $47.0B | $19.8B |
负债/权益比AESOVV
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 0.60× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.5B | $954.0M |
| 自由现金流经营现金流 - 资本支出 | $-47.0M | $489.0M |
| 自由现金流率自由现金流/营收 | -1.5% | 23.8% |
| 资本支出强度资本支出/营收 | 49.5% | 22.6% |
| 现金转化率经营现金流/净利润 | 4.65× | 1.01× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $1.5B |
8季度趋势，按日历期对齐
经营现金流AESOVV
| Q4 25 | $1.5B | $954.0M | ||
| Q3 25 | $1.3B | $812.0M | ||
| Q2 25 | $976.0M | $1.0B | ||
| Q1 25 | $545.0M | $873.0M | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $985.0M | $1.0B | ||
| Q2 24 | $392.0M | $1.0B | ||
| Q1 24 | $287.0M | $659.0M |
自由现金流AESOVV
| Q4 25 | $-47.0M | $489.0M | ||
| Q3 25 | $-511.0M | $268.0M | ||
| Q2 25 | $-356.0M | $492.0M | ||
| Q1 25 | $-709.0M | $256.0M | ||
| Q4 24 | $-639.0M | $468.0M | ||
| Q3 24 | $-847.0M | $484.0M | ||
| Q2 24 | $-1.3B | $398.0M | ||
| Q1 24 | $-1.9B | $68.0M |
自由现金流率AESOVV
| Q4 25 | -1.5% | 23.8% | ||
| Q3 25 | -15.2% | 13.3% | ||
| Q2 25 | -12.5% | 22.2% | ||
| Q1 25 | -24.2% | 10.8% | ||
| Q4 24 | -21.6% | 21.4% | ||
| Q3 24 | -25.8% | 22.2% | ||
| Q2 24 | -43.9% | 18.1% | ||
| Q1 24 | -60.3% | 2.8% |
资本支出强度AESOVV
| Q4 25 | 49.5% | 22.6% | ||
| Q3 25 | 54.0% | 26.9% | ||
| Q2 25 | 46.7% | 23.5% | ||
| Q1 25 | 42.9% | 26.0% | ||
| Q4 24 | 58.3% | 25.3% | ||
| Q3 24 | 55.7% | 24.7% | ||
| Q2 24 | 57.3% | 28.4% | ||
| Q1 24 | 69.6% | 24.8% |
现金转化率AESOVV
| Q4 25 | 4.65× | 1.01× | ||
| Q3 25 | 2.03× | 5.49× | ||
| Q2 25 | — | 3.30× | ||
| Q1 25 | 11.85× | — | ||
| Q4 24 | 1.94× | — | ||
| Q3 24 | 1.96× | 2.02× | ||
| Q2 24 | 2.12× | 3.00× | ||
| Q1 24 | 0.66× | 1.95× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AES
| Electric Distribution | $1.0B | 33% |
| Regulated Revenue | $1.0B | 33% |
| Renewables | $786.0M | 25% |
| AES Andes | $225.0M | 7% |
| Corporate Other And Other | $38.0M | 1% |
| Other Expense | $10.0M | 0% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
